Pacific Lime and Cement strengthens PNG growth push with new cement CEO

The latest announcement is out from Pacific Lime and Cement Limited ( (AU:PLA) ).

Pacific Lime and Cement Limited has appointed industry veteran Kevin Savory as Chief Executive Officer – Cement, effective 12 January 2026, to work alongside CEO – Lime John McBride and the company’s advisory board as it advances its cement strategy in Papua New Guinea. With more than three decades of senior leadership across lime, cement, construction materials and large-scale infrastructure in Australia, PNG and the broader Asia-Pacific, including prior leadership of Mayur Resources’ cement and lime business and senior roles at Cement Australia, Holcim and CRH’s Infrastructure Products Australia, Savory is expected to bolster PLC’s operational execution and growth ambitions, particularly as its quicklime construction progresses and the group positions itself as a key low‑carbon building materials supplier in the region.

The most recent analyst rating on (AU:PLA) stock is a Hold with a A$0.31 price target. To see the full list of analyst forecasts on Pacific Lime and Cement Limited stock, see the AU:PLA Stock Forecast page.

More about Pacific Lime and Cement Limited

Pacific Lime and Cement Limited is an Australia- and Papua New Guinea-listed producer developing PNG’s lime and cement industry to supply essential building materials to the domestic market and the wider Asia–Pacific region. Anchored by its flagship Central Lime and Cement Projects, the company is building an integrated platform focused on local manufacturing, import substitution and sustainable growth, complemented by interests in industrial sands, nature-based forestry carbon credits and renewable energy, as well as a minority stake in TSX-V listed copper-gold explorer Adyton Resources. Its strategy centres on providing higher-quality, lower-cost, low‑carbon inputs to mining, resources and construction sectors, underpinned by community engagement and ESG standards.

Average Trading Volume: 638,123

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$257.6M

For detailed information about PLA stock, go to TipRanks’ Stock Analysis page.